Can I retire at age 53 with 2,590,000?

Use the below retirement simulation to view the chances of a successful retirement.
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $2,590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$213,880$211,975$210,116$208,302$206,530$202,360
2 years$105,881$103,909$101,998$100,145$98,348$94,165
3 years$69,886$67,906$65,999$64,164$62,396$58,331
4 years$51,892$49,918$48,031$46,226$44,501$40,585
5 years$41,099$39,136$37,274$35,506$33,829$30,073
6 years$33,905$31,958$30,123$28,395$26,768$23,175
7 years$28,769$26,838$25,032$23,345$21,769$18,342
8 years$24,919$23,005$21,229$19,583$18,060$14,796
9 years$21,926$20,030$18,285$16,681$15,209$12,107
10 years$19,533$17,656$15,941$14,379$12,959$10,015
11 years$17,576$15,718$14,034$12,514$11,145$8,357
12 years$15,947$14,107$12,455$10,976$9,658$7,021
13 years$14,569$12,749$11,128$9,691$8,422$5,931
14 years$13,389$11,588$9,998$8,602$7,383$5,034
15 years$12,368$10,586$9,027$7,672$6,500$4,288
16 years$11,475$9,713$8,184$6,869$5,745$3,664
17 years$10,688$8,945$7,448$6,172$5,094$3,140
18 years$9,989$8,266$6,799$5,562$4,529$2,696
19 years$9,364$7,660$6,224$5,026$4,037$2,320
20 years$8,803$7,118$5,712$4,552$3,606$1,999
21 years$8,295$6,631$5,254$4,131$3,227$1,725
22 years$7,835$6,189$4,842$3,756$2,892$1,490
23 years$7,415$5,789$4,471$3,421$2,596$1,289
24 years$7,030$5,424$4,135$3,120$2,334$1,115
25 years$6,677$5,090$3,830$2,849$2,100$966
26 years$6,352$4,784$3,552$2,605$1,892$837
27 years$6,051$4,502$3,298$2,385$1,705$726
28 years$5,773$4,242$3,066$2,185$1,539$630
29 years$5,513$4,002$2,853$2,004$1,390$547
30 years$5,272$3,780$2,658$1,839$1,256$475
31 years$5,047$3,573$2,478$1,689$1,135$412
32 years$4,836$3,381$2,312$1,552$1,027$358
33 years$4,638$3,202$2,159$1,427$929$311
34 years$4,453$3,034$2,017$1,313$841$271
35 years$4,278$2,878$1,886$1,209$762$235
36 years$4,114$2,732$1,764$1,113$690$205
37 years$3,958$2,594$1,651$1,026$626$178
38 years$3,811$2,466$1,546$945$567$155
39 years$3,673$2,345$1,448$872$514$135
40 years$3,541$2,231$1,358$804$467$117
41 years$3,416$2,123$1,273$742$423$102
42 years$3,297$2,022$1,194$685$384$89
43 years$3,185$1,927$1,121$632$349$77
44 years$3,077$1,837$1,052$584$316$67
45 years$2,975$1,751$988$539$287$58
46 years$2,877$1,671$928$498$261$51
47 years$2,784$1,594$871$460$237$44
48 years$2,695$1,522$819$425$215$38
49 years$2,610$1,454$770$393$195$33
50 years$2,529$1,388$724$363$177$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $2,590,000, adding $6,665 every year, while hoping to spend $36,936 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 48/43/9 Blend
52$2,590,000$2,590,000$2,590,000$2,590,000
53$2,861,055$2,723,785$2,683,640$2,991,118
54$3,113,583$2,817,951$2,734,242$3,175,250
55$3,390,631$2,915,493$2,785,302$3,370,635
56$3,694,661$3,016,537$2,836,795$3,581,916
57$4,028,384$3,121,216$2,888,696$3,810,584
58$4,394,789$3,229,665$2,940,977$4,058,278
59$4,797,166$3,342,027$2,993,608$4,326,800
60$5,239,140$3,458,449$3,046,556$4,618,131
61$5,724,704$3,579,085$3,099,788$4,934,450
62$6,258,257$3,704,094$3,153,264$5,278,153
63$6,844,646$3,833,641$3,206,945$5,651,873
64$7,489,210$3,967,900$3,260,788$6,058,510
65$8,197,832$4,107,049$3,314,747$6,501,251
66$8,976,992$4,251,276$3,368,772$6,983,604
67$9,833,830$4,400,773$3,422,811$7,509,428
68$10,776,213$4,555,743$3,476,807$8,082,971
69$11,812,808$4,716,396$3,530,702$8,708,907
70$12,953,164$4,882,949$3,584,430$9,392,379
71$14,207,804$5,055,631$3,637,925$10,139,048
72$15,588,319$5,234,676$3,691,115$10,955,148
73$17,107,483$5,420,331$3,743,923$11,847,539
74$18,779,371$5,612,851$3,796,269$12,823,773
75$20,619,489$5,812,504$3,848,067$13,892,165
76$22,644,925$6,019,564$3,899,225$15,061,870
77$24,874,507$6,234,322$3,949,648$16,342,969
78$27,328,979$6,457,076$3,999,233$17,746,561
79$30,031,201$6,688,139$4,047,874$19,284,869
80$33,006,362$6,927,837$4,095,457$20,971,353
81$36,282,217$7,176,507$4,141,860$22,820,836
82$39,889,349$7,434,501$4,186,959$24,849,642
83$43,861,459$7,702,188$4,230,618$27,075,750
84$48,235,680$7,979,948$4,272,696$29,518,964
85$53,052,933$8,268,179$4,313,045$32,201,093
86$58,358,309$8,567,296$4,351,508$35,146,161
87$64,201,492$8,877,730$4,387,920$38,380,630
88$70,637,236$9,199,930$4,422,107$41,933,647
89$77,725,872$9,534,364$4,453,885$45,837,321
90$85,533,883$9,881,521$4,483,063$50,127,020
91$94,134,531$10,241,907$4,509,437$54,841,708
92$103,608,545$10,616,052$4,532,795$60,024,305
93$114,044,886$11,004,508$4,552,913$65,722,097
94$125,541,583$11,407,848$4,569,555$71,987,176
95$138,206,664$11,826,671$4,582,474$78,876,930
96$152,159,168$12,261,602$4,591,411$86,454,585
97$167,530,273$12,713,291$4,596,093$94,789,796
98$184,464,533$13,182,414$4,596,234$103,959,306
99$203,121,242$13,669,679$4,591,535$114,047,666
100$223,675,937$14,175,822$4,581,680$125,148,032